Question 1

What is the retirement 70% rule?

Accepted Answer

Say, if you make $100,000 per year, then you would need financial planning of savings and investments that could produce $70,000 per year for roughly 20 years, or a total of $1.4 million.

Question 2

How do you claim social security?

Accepted Answer

A variety of rules govern how and when you can start receiving Social Security payments. You can start taking payments at age 62, but the longer you wait to take them the greater the monthly payment you will receive up to your full retirement age (FRA), which is typically 70 years.

Question 3

How to use life insurance in your retirement income planning?

Accepted Answer

Life insurance allows you to plan your future in the midst of a health emergency, instead of leaving it up to family members and depleting your retirement savings.